EUR: German inflation rate drops to 2.3% in November

by Kiran Najran on 30th November 2018

The main release from the eurozone yesterday was the German inflation rate for November. It had been expected to fall to 2.4% from 2.5% the previous month, but it actually dropped to 2.3%. Last time, it hit a ten-year high, so the drop will be welcome news. Prices of services and food are expected to rise at a slower pace.

Business confidence in the eurozone picked up to 1.09 this month from a 17-month low of 1.01 the previous month. It was better than the 0.96 the markets had been expecting. We also saw the German unemployment rate for November which came in at 5% from 5.1% the previous month. It had been expected to hold steady.

Today’s highlight is the eurozone’s unemployment rate for October, which is expected to drop to 8% from 8.1% the previous month. We will also see the flash inflation reading for November which is expected to drop to 2% from 2.2% in October. We will also see German retail sales for October.

Share this article

Search for:

Request a Quote

Title*

First Name*

Last Name*

Email Address*

Telephone Number*

Currency I Need*

Amount I Need*

Reason for your transfer (select)*

We handle your data with care and only ever as outlined in our Privacy Policy.

Categories

Follow Us

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Avoid losing money and protect against currencies moving against you.

Dedicated currency trader working with you to get the best value for your money.

Secure, quick and efficient transfers. Authorised by the FCA.

Title*

First Name*

Last Name*

Email Address*

Telephone Number*

Currency I Need*

Amount I Need*

Reason for your transfer (please select)*

We handle your data with care and only ever as outlined in our Privacy Policy.